Company Registration No. 9476272 (England and Wales)
Red Nine Ltd
Unaudited accounts
for the year ended 30 June 2023
Red Nine Ltd
Unaudited accounts
Contents
Red Nine Ltd
Company Information
for the year ended 30 June 2023
Company Number
9476272 (England and Wales)
Registered Office
Brightwell Grange
Britwell Road Burnham
Slough
SL1 8DF
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Red Nine Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
3,994
2,217
Cash at bank and in hand
88,095
117,164
Creditors: amounts falling due within one year
(61,936)
(60,726)
Net current assets
87,102
134,330
Total assets less current liabilities
91,096
136,547
Creditors: amounts falling due after more than one year
(32,846)
(33,982)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
57,251
102,564
Shareholders' funds
57,252
102,565
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2024 and were signed on its behalf by
Clifford Fox
Director
Company Registration No. 9476272
Red Nine Ltd
Notes to the Accounts
for the year ended 30 June 2023
Red Nine Ltd is a private company, limited by shares, registered in England and Wales, registration number 9476272. The registered office is Brightwell Grange, Britwell Road Burnham, Slough, SL1 8DF, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Red Nine Ltd
Notes to the Accounts
for the year ended 30 June 2023
3
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
59,445
76,894
Accrued income and prepayments
1,498
-
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,580
10,000
Trade creditors
23,779
10,392
Taxes and social security
18,259
28,577
Loans from directors
4,649
-
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Red Nine Ltd
Notes to the Accounts
for the year ended 30 June 2023
8
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,198
-
Later than one year and not later than five years
8,998
-
Advances to the director during the year were £2,321.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).